Thomson Geer advises on USD$90m sale of Bibiani Gold Mine to Asante Gold

25 August 2021

News

Thomson Geer has advised Resolute Mining Limited (Resolute) on the successfully completed sale of its Bibiani Gold Mine located in Ghana, to Canadian company, Asante Gold Corporation (Asante) for USD $90m.

Based in Western Australia, Resolute has more than 30 years’ experience as a gold mining explorer, developer and operator of gold mines in Africa. The Company trades on the Australian Securities Exchange and the London Stock Exchange. Resolute currently operates the Syama Gold Mine in Mali and the Mako Gold Mine in Senegal.

Asante is a gold exploration and development company, publicly listed on the Canadian Securities Exchange.

The sale of the Bibiani Gold Mine is consistent with Resolute’s strategic focus on its core operating assets. The sale reinforces Resolute’s commitment to deliver sustainable and enduring value to shareholders and to the communities in which the Company operates.

Thomson Geer partner Michael Ng said, “It has been a pleasure working with Resolute on this deal, and to achieve a great result for its shareholders”.

The Thomson Geer team was led by Michael Ng, supported by partner Scott Gibson and law graduate Sarah Urquhart.